Bernstein Analyst Predicts Coinbase Stock Will Climb to $310 Due to Trump’s Crypto Policies

Key Takeaways:

• Bernstein analyst Gautam Chhugani predicts that Coinbase stock could reach $310.
• Favorable crypto regulations are expected to drive growth.
• Trump's Bitcoin Reserve policy emerges as a major catalyst.

A recent report by Gautam Chhugani, an analyst at global asset management firm Bernstein, forecasts a strong upward trajectory for Coinbase stock (COIN), setting a price target of over $310. 

Currently trading at $181.14, a rise to this projected level would represent a 71.2% increase in Coinbase stock value.

This bullish outlook is driven by positive market sentiment around Coinbase’s performance, increasing crypto adoption, and potential regulatory shifts that could benefit the exchange in the long run.

Crypto Regulations and U.S. Bitcoin Reserve Will Boost Coinbase Stock

According to a Bernstein research note published by Tipranks, regulatory tailwinds are expected to drive the crypto industry forward and impact Coinbase stock. 

The report describes Coinbase as a crypto exchange and a full-stack financial services provider in the blockchain space. 

The company operates an exchange, broker/dealer, institutional prime desk, stablecoin banking, crypto payments, custodian bank, software services, and a blockchain ecosystem, making it the equivalent of an “Amazon” for crypto financial services.

We are excited to announce that Coinbase has been chosen as a key infrastructure provider for @BlackRock and @Securitize Tokenized Investment Fund.

— Coinbase Institutional 🛡️ (@CoinbaseInsto) March 20, 2024

Coinbase also plays a crucial role in Bitcoin custody, managing assets for top firms like BlackRock, which offer crypto exchange-traded funds (ETFs). Regulatory policies can either accelerate or hinder its growth. 

A stark reminder came on June 6, 2023, when the U.S. Securities and Exchange Commission (SEC) charged Coinbase with operating as an unregistered securities exchange. 

The lawsuit claimed Coinbase illegally earned billions without proper SEC registration. Charges also targeted Coinbase's staking-as-a-service program.

This legal action rattled the U.S. crypto market. Coinbase's credibility suffered, and its stock price plummeted.

The landscape transformed when President Trump took office. Bitcoin hit $109,114 on inauguration day—an all-time high.

Trump quickly installed pro-crypto leadership. Anti-crypto SEC Chair Gary Gensler resigned, replaced by pro-crypto Mark Uyeda. The administration began dismantling restrictive policies to foster crypto innovation.

In February 2025, the SEC dismissed its case against Coinbase—a predictable outcome under the new regime.

SEC staff have agreed to dismiss their case against us (pending Commission approval).
But this isn’t the end.
It’s the beginning.
And if there were ever a time to build—that time is now.

Thank you to everyone who stood with us, and stood with crypto. pic.twitter.com/gjokUZPotz

— Coinbase 🛡️ (@coinbase) February 21, 2025

New national policies also stand to influence Coinbase's stock growth. Earlier this month, President Trump announced the creation of a Bitcoin Reserve and a Crypto Asset Stockpile, including top assets like XRP, Cardano, Solana, and Ethereum. 

Just a few minutes ago, President Trump signed an Executive Order to establish a Strategic Bitcoin Reserve.

The Reserve will be capitalized with Bitcoin owned by the federal government that was forfeited as part of criminal or civil asset forfeiture proceedings. This means it…

— David Sacks (@davidsacks47) March 7, 2025

The Bitcoin Reserve and Crypto Asset Stockpile marks the first real step toward integrating crypto into the U.S. financial system. Given its expansive role in crypto, Coinbase stock is poised to benefit from these policy changes. 

Coinbase Expands Market Reach and Subscription Revenue

Coinbase's financials show remarkable strength. Last month, quarterly profits surged to $1.3 billion from $273 million a year ago.

WOW.

Coinbase just blew away analyst expectations.

EPS: $4.68 vs $2.11 exp.
REV: $2.27B vs $1.84B exp.

Revenue: +138% YoY
Net Income: +300% YoY

Transaction Revenue: +194% YoY
Subscription Services: +71% YoY
Trading Volume: +185% YoY
Monthly Transacting Users: +24% YoY…

— Anthony Pompliano 🌪 (@APompliano) February 13, 2025

Revenue tripled to $2.3 billion, up from $953.8 million year-over-year. Transaction revenue doubled to $1.56 billion.

Coinbase now diversifies beyond trading revenue. Their new subscription service, Coinbase One, marks a pivotal development.

Earn more onchain with Coinbase One.

Unlock exclusive onchain deals when you connect a wallet to your membership (up to $60 value).

With partnerships across top trading, social, DeFi, and NFT apps, exploring onchain has never been more rewarding. pic.twitter.com/wkONJHF96w

— Coinbase 🛡️ (@coinbase) February 27, 2025

MiTrade research shows Coinbase One attracted 600,000+ subscribers, generating $216 million in annual revenue. The service cuts fees for traders while promoting staking and payment products.

Bernstein's analyst believes subscription growth and reshoring trends position Coinbase for long-term success. These advantages, combined with favorable regulations, support the $310 price target.